About This Practice
Listing Video:
This established two-partner firm has an exceptional reputation within the community for its integrity, dependability, and responsiveness. The owner cashflow is incredibly strong at 74%. The firm has consistently grown despite not accepting new clients. Revenue projection for 2022 is $1,050,000 (Jan – Nov. 28th 2022 revenue is $1,002,880 – cash basis). Provided services include a mix of 39% corporate tax, 46% personal tax, payroll (after the fact quarterly reports only), bookkeeping, and 1099 preparation. The firm does no reviews, compilations, audits, or other attest work. The building is ground level within walking distance to many attractions and restaurants.
The client portfolio consists of a number of high-net-worth clients in a broad range of industries. The firm includes several independent and hardworking employees. This is an incredible opportunity for a hardworking, entrepreneurial buyer to buy an established, growing firm.
Highlights:
- Seller financing is available for strong CPA
- Owners willing to stay on for a longer transition
- Owners willing to consider carving out book of clients if a buyer wants a smaller book
- The 2 owners cash flow is incredibly strong at 74% ($700,000)
- YTD revenue is $1,002,880
- Could be converted to a virtual firm over time
Ideal Buyer
The ideal buyer will be a CPA or tax professional with a minimum of 7-10 years of tax experience and the capacity to manage a high volume tax practice. Integrity and strong work ethic will be key attributes to sustain the growth of this firm. Several growth opportunities exist for an incoming Buyer with their current client base. This is an excellent opportunity for several buyer scenarios in a high growth, desirable market. Sellers are willing to stay on longer for a smooth transition and to create additional capacity if a buyer wanted.
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